U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock.

Japan’s producer price inflation remained pinned at a near 41-year high in November, data showed on Monday, as elevated raw material prices and a weakened yen pushed up price pressures faced by businesses. 

U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values, a Federal Reserve report showed on Friday.

U.S. wholesale inventories increased less than initially thought in October, suggesting that businesses were carefully managing their inventory amid slowing demand.

U.S. consumer sentiment improved in December amid recent gains on the stock market, while inflation expectations eased to a 15-month low, a survey showed on Friday.

U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week.